Stocks · Financials · Life Insurance

MANULIFE FINANCIAL CORP

MFC Clue Score56
Ontario, Canada Fiscal year ends December CIK 0001086888
$42.43 +0.74% Close, 9 Oct 2026
Price $42.43 +114.94% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Revenue53.34Net income2.93EPS, diluted1.41Fiscal year 2017Revenue58.32 +9.3%Net income2.10 −28.2%EPS, diluted0.98 −30.5%Fiscal year 2018Revenue38.97 −33.2%Net income4.80 +128.1%EPS, diluted2.33 +137.8%Fiscal year 2019Revenue79.57 +104.2%Net income5.60 +16.7%EPS, diluted2.77 +18.9%Fiscal year 2020Revenue78.91 −0.8%Net income5.87 +4.8%EPS, diluted2.93 +5.8%Fiscal year 2021Revenue61.82 −21.7%Net income7.11 +21.0%EPS, diluted3.54 +20.8%Fiscal year 2022Revenue6.19 −90.0%Net income−1.93 −127.2%EPS, diluted−1.15 −132.5%Fiscal year 2023Revenue6.75 +9.1%Net income5.10EPS, diluted2.61Fiscal year 2024Revenue7.59 +12.5%Net income5.39 +5.5%EPS, diluted2.84 +8.8%Fiscal year 2025Revenue8.13 +7.1%Net income5.57 +3.5%EPS, diluted3.07 +8.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 53.34 58.32 38.97 79.57 78.91 61.82 6.19 6.75 7.59 8.13
Growth +9.3% −33.2% +104.2% −0.8% −21.7% −90.0% +9.1% +12.5% +7.1%
Net income 2.93 2.10 4.80 5.60 5.87 7.11 −1.93 5.10 5.39 5.57
Growth −28.2% +128.1% +16.7% +4.8% +21.0% −127.2% +5.5% +3.5%
EPS, diluted 1.41 0.98 2.33 2.77 2.93 3.54 −1.15 2.61 2.84 3.07
Growth −30.5% +137.8% +18.9% +5.8% +20.8% −132.5% +8.8% +8.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Net margin5.5%Fiscal year 2017Net margin3.6%Fiscal year 2018Net margin12.3%Fiscal year 2019Net margin7.0%Fiscal year 2020Net margin7.4%Fiscal year 2021Net margin11.5%Fiscal year 2022Net margin−31.2%Fiscal year 2023Net margin75.6%Fiscal year 2024Net margin71.0%Fiscal year 2025Net margin68.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin 5.5% 3.6% 12.3% 7.0% 7.4% 11.5% −31.2% 75.6% 71.0% 68.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow17.02Fiscal year 2017Operating cash flow17.79Fiscal year 2018Operating cash flow19.19Buybacks−0.48Fiscal year 2019Operating cash flow20.54Buybacks−1.34Fiscal year 2020Operating cash flow20.05Buybacks−0.25Fiscal year 2021Operating cash flow23.16Fiscal year 2022Operating cash flow16.63Buybacks−1.88Fiscal year 2023Operating cash flow20.42Buybacks−1.60Dividends paid0.00Fiscal year 2024Operating cash flow26.49Buybacks−3.27Fiscal year 2025Operating cash flow32.11Buybacks−2.43
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 17.02 17.79 19.19 20.54 20.05 23.16 16.63 20.42 26.49 32.11
Buybacks n/a n/a −0.48 −1.34 −0.25 n/a −1.88 −1.60 −3.27 −2.43
Dividends paid n/a n/a n/a n/a n/a n/a n/a 0.00 n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash15.15Total debt5.70Net cash (debt)9.46Shareholders’ equity41.83Debt to equity0.14Fiscal year 2017Cash15.97Total debt4.78Net cash (debt)11.18Shareholders’ equity41.01Debt to equity0.12Fiscal year 2018Cash16.22Total debt4.77Net cash (debt)11.45Shareholders’ equity45.96Debt to equity0.10Fiscal year 2019Cash20.30Total debt4.54Net cash (debt)15.76Shareholders’ equity49.14Debt to equity0.09Fiscal year 2020Cash26.17Total debt6.16Net cash (debt)20.00Shareholders’ equity52.34Debt to equity0.12Fiscal year 2021Cash22.59Total debt4.88Net cash (debt)17.71Shareholders’ equity58.41Debt to equity0.08Fiscal year 2022Cash19.15Total debt6.23Net cash (debt)12.92Shareholders’ equity46.88Debt to equity0.13Fiscal year 2023Cash20.34Total debt6.07Net cash (debt)14.27Shareholders’ equity47.04Debt to equity0.13Fiscal year 2024Cash25.79Total debt6.63Net cash (debt)19.16Shareholders’ equity50.97Debt to equity0.13Fiscal year 2025Cash26.70Shareholders’ equity50.12
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 15.15 15.97 16.22 20.30 26.17 22.59 19.15 20.34 25.79 26.70
Total debt 5.70 4.78 4.77 4.54 6.16 4.88 6.23 6.07 6.63 n/a
Net cash (debt) 9.46 11.18 11.45 15.76 20.00 17.71 12.92 14.27 19.16 n/a
Shareholders’ equity 41.83 41.01 45.96 49.14 52.34 58.41 46.88 47.04 50.97 50.12
Debt to equity 0.14 0.12 0.10 0.09 0.12 0.08 0.13 0.13 0.13 n/a

In billions of CAD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In billions of CAD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
17.02 17.79 19.19 20.54 20.05 23.16 16.63 20.42 26.49 32.11
Growth +4.5% +7.9% +7.1% −2.4% +15.5% −28.2% +22.8% +29.7% +21.2%
Investment
−22.74 −16.29 −19.00 −13.83 −14.15 −24.44 −18.40 −13.72 −18.46 −28.37
Financing
3.31 0.01 −0.72 −2.08 0.66 −2.05 −2.11 −5.04 −4.17 −2.05
n/a n/a n/a n/a n/a n/a n/a 0.00 n/a n/a
n/a n/a −0.48 −1.34 −0.25 n/a −1.88 −1.60 −3.27 −2.43

Capital expenditure, dividends and buybacks are shown as money out, so negative. Shown in CAD as filed; the screener converts to dollars.